Shell Shack - Houston
2412 Washington Ave Houston , TX 77007-6019

Shell Shack - Houston - retail for sale

Download offering memorandum:

Overview



JLL is pleased to offer for sale the single-tenant, net leased Shell Shack (the "Property") positioned within the high-growth Washington Avenue corridor of Houston. Shell Shack is an established concept in the Dallas/Fort Worth Metroplex and this is their first location in Houston, totaling eight locations. Positioned along Washington Avenue within the Inner Loop/River Oaks submarket of Houston, this location benefits from unparalleled growth in the area with significant development in the immediate area. This offering presents the unique opportunity to acquire a stable tenant with strong yield positioned in the ideal location to see phenomenal growth over the course of the lease, providing security in residual value.

Investment highlights


  • Excellent retail fundamentals
  • High population growth
  • Market leading multifamily occupancy
  • Accessibility across Houston
  • Passive investment
  • E-commerce resistant tenat
General
Property type Retail
Property subtype Single tenant/Standalone
Tenure type Sale/Purchase
Property address 2412 Washington Ave, Houston, TX 77007-6019
Market Houston
Land in acres 0.46
Building size 5,792  ft2
Year built 1961
Year renovated 2017
Financial
Price Confidential
Cap rate Confidential
Current NOI $215,000.00
Lease
Tenant's name Shell Shack
Lease type NNN
Annual rent $215,000.00

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